Used primarily in organic synthesis, this chemical serves as a key intermediate in the preparation of acridine derivatives, which are valuable in the development of dyes and fluorescent markers. Its unique structure makes it suitable for applications in photodynamic therapy, where it can be utilized to generate reactive oxygen species upon light activation, targeting and destroying cancer cells. Additionally, it finds use in analytical chemistry as a reagent for the detection and quantification of specific biomolecules due to its strong fluorescence properties. The compound is also explored in material science for the creation of advanced organic electronic materials, contributing to the development of more efficient light-emitting diodes (LEDs) and sensors.